Ace Hardware Corporation "The Helpful Hardware Place" is more than a hardware store. It was established in 1942, in Chicago by a group of Chicago-area sellers. During its course of 80 years, ace has actually grown from a tiny group of hardware stores to a network of over 4800 locations in 50 states and more than 70 nations.

Ace hardware name is one of the most widely acknowledged trademarks in America according to an independent marketing study. In the house improvement market, "Ace - The Helpful Hardware Place" is a popular motto.

Ace continued to grow and flourish since of their extraordinary client service. Their services are backed up by devoted business support, advanced circulation system and gifted 80,000 employee. Till now Ace's dedication to shipment helpful Hardware service has remained the same.

In order to increase purchasing power and profits, entrepreneurs Richard Hesse, Frank Burke, Oscar Fisher and E.Gunnard Lindquist united their Chicago-area hardware stores and initiated the start of Ace Hardware. In 1931, Ace Stores, Inc changed its name to Ace Hardware Corp. In 1952, the first "self-service" shop was established in Merrillville, Ind. and it ended up being a location to "browse and help yourself".

Accomplishments:

It was ranked # 5 on Franchise Times' 200 list for 3 successive Ace Hardware Coupon Code years.

It was ranked # 6 amongst the Top 500 Franchises by Entrepreneur Magazine.

It was ranked highest in Customer Satisfaction among Home Improvement Stores, 2 Years in a Row in 2008, by J.D. Power and Associates.

It is among the majority of extensively acknowledged trademarks in America

As per Ace agents, they will continue to grow because of the level of service they provide to their devoted clients.

Franchise Cost:

In order to grab the co-operative chance of owning an ACE Hardware franchise, all you need is to invest $5000 initially for membership application. Then even more you need to have $5000 for stock purchase followed by $250,000 liquid capital requirement. Total financial investment is somewhere in between $400,000 - $1,100,000 - based upon a 12,000 square foot retail store.

Out of the above mentioned amount, depending upon shop size, Ace will enable a franchisee to obtain in between $390,000 - $740,000. "Ace Exclusive Incentive Package" is provided to the certified individuals.

This special package entitles qualified individuals for $195,000 incentive including:

Complete training program

Full store design

Shop set-up services

Assistance in Grand Opening occasion

An Inventory discount of $110,000 Ace's incentive package helps prepare franchisees for ownership and can drive down the overall investment for a business by nearly 20%.

Package an enhanced incentives plan is used by Ace if anybody decides to open extra shops.

When aiming to begin any business it is very important, especially considering today's market, that you look for specific methods to cut decrease or lower overhead and threat. Any company is going to have threat, but it is very important to have a full understanding of the amount of investment, start-up cost and "ROI" (Return on Investment).

Surprisingley, 80% of ALL franchise ventures fail in the first two to 5 years leaving big financial obligations looming for many years thereafter.